American Depositary Receipts

Vodacom has established a sponsored Level I American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank).  The Level 1 ADR program trades on the US over-the-counter (OTC) markets under the symbol VDMCY (it is not listed on a U.S. stock exchange). Each ADR represents one Vodacom Ordinary Share.


Ticker: VDMCY
Structure:   Level I ADR
Exchange: OTC
Ratio: 1 ADR : 1 Ordinary Share
DR ISIN: US92858D2009
CUSIP:    92858D2009

Contact details for ADR investors and brokers:

Deutsche Bank ADR broker services desks
New York: Tel +1 212 250 9100
London: +44 207 547 6500

Contact details for registered ADR holders:

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn, NY 11219


Toll free number: (800) 937 5449 (if calling from within the U.S.)

Direct Dial: +1 718 921 8124 (if calling from outside the U.S.)

Deutsche Bank, as the depositary bank for Vodacom’s sponsored Level I ADR program, performs the following roles for ADR holders:

  • Records and maintains the register of ADR holders
  • Is the stock transfer agent
  • Distributes in U.S. dollars any dividends declared by the Board of Directors
  • Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders
  • Issues and cancels Vodacom ADRs

For those holders which are not registered because their shares are held through a ‘Street name’ (nominee account), your nominee will receive company documents from time to time from Deutsche Bank to distribute to ADR holders.  You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at general meetings (if applicable).

Frequently Asked Questions

What is an American Depositary Receipt?
An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Dividend payments (if declared by the Board of Directors) are also paid in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors and to provide a corporate finance vehicle for non-U.S. companies.

What are the benefits of ADRs to U.S. investors?
U.S. investors generally prefer to purchase ADRs rather than ordinary shares in the issuer's home market because ADRs trade, clear and settle according to U.S. market conventions. One of the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate U.S. dollar dividend payments (if declared) and receiving corporate action notifications.

How can I find dividend payment and corporate action information for Vodacom ADRs?
For dividend and corporate action information, please visit:

Please search the name Vodacom and then select the Corporate Actions tab.  Alternatively, you may contact Deutsche Bank Trust Company Americas Shareholder Services at the following toll-free number: +1 (800) 937 5449 or Direct Dial: +1 (718) 921-8124

How are ADR dividends paid?
Dividends, when declared by Vodacom’s Board of Directors, are generally payable to ADR holders in U.S. dollars seven to ten days after dividend payments are paid on Vodacom’s ordinary shares, to accommodate the payment process established by the company and the depositary.

Where are Vodacom ADRs traded?
Vodacom ADRs are traded on the U.S. over-the-counter (OTC) markets:


Ticker: VDMCY
Structure: Level I ADR
Exchange:    OTC
Ratio: 1 ADR : 1 Ordinary Share
DR ISIN:   US92858D2009
CUSIP:  92858D2009


What is the difference between a registered holder and a beneficial ADR holder?
A registered holder is one whose name appears on the books of the depositary bank, as registrar; the registered holder is considered the owner of record. A beneficial holder is one whose holdings are held in another name, such as a broker, bank or nominee.